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English definition of “economize”


verb [I] (UK also economise)     /ɪˈkɒnəmaɪz/
to make an effort to save money , time , resources , etc.: Shoppers are going for less expensive food in an effort to economize. Outsourcing is mostly used as an economizing strategy . The different stages of production are placed in close proximity , thereby economizing on transport costs .
(Definition of economize verb from the Cambridge Business English Dictionary © Cambridge University Press)
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